Predator Oil & Gas Reports Promising MOU-5 Drilling Results in Morocco

Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an update.

Predator Oil & Gas Holdings Plc announced promising preliminary results from its MOU-5 drilling in the Guercif Licence onshore Morocco. The drilling confirmed the presence of the Domerian carbonate, encountered unexpected high-quality sand, and showed a helium presence, suggesting new exploration potential. The well was drilled within budget and on schedule, and the data will inform future 3D seismic acquisition to further explore the Jurassic Project. The company aims to attract farminees to support further exploration and enhance shareholder value amidst a volatile market environment.

More about Predator Oil & Gas Holdings Plc

Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector, with a focus on hydrocarbon operations and production in Morocco and Trinidad. The company has a diversified portfolio that includes onshore Moroccan gas exposure and exploration projects in Trinidad, aiming for commercialisation through CNG development and leveraging opportunities for production enhancement.

YTD Price Performance: -24.53%

Average Trading Volume: 3,471,417

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £33.31M

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